The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-17
CONDITION OF THE MARKETS
Wheat Receivers a Fraction, but the Mar.
ket Rules Dull and Featureless.
Corn Dull and Unchanged, with Unusually
Small Transactions-Oats Unchanged
Provisions Stronger and More Active.
MONEY, BONDS AND STOCKS.
The Passage of the Interstate Commerce Ri
Affects the Market Slightly.

The Passage of the Interstate Commerce Bill
Affects the Market Slightly.
NEW YORK. Jan. 15.-Money of call was easy at
3is05 per cent, closing at s.
Prime mercantile paper, Coz percent
Sterling exchange was dull but steady at 81. S2ia
Tor sixth day bills and 81. 86l4 for demand.
The total sales of stock to-day 434 O42 shares
Including the following: Delaware, Lackawanna g.
Western 10, $50; Erie II, 100; Lake Shore, IA $685.
Louisville & Nashville, $500, Manhattan Consol-
Dated $50; Northwestern, 4, 100; PEORIA Decatur
- Evansville, AGO; Reading 20. 77s; St. Paul 49,
3OO ST. Paul s. Omaha, 1890; Texas & Pacific, T.
ESQ; Union Pacific, 31.7oO; Western Union g. IT'S.
Government and State bonds were dull and steady.
The long expected break in the stock market to
ceed the passage Of the interstate bill
this morning, but it confined to tho opening and
the hrst few minutes of trading during which the
lost in stock exc eeded 1la per cent. The
market was we'll supported and the favorable infu-
ence of the elimination of the Richmond & West
Point East Tennessee DEAL together with the favora-
Bile aspect OF the Lake Shore, Nickelpla
matter, created heavy demand for stocks,
and The market began to advance immediately,
end showed buoy.nt tone throughout the forenoon.
iceabe feature of the day. and steadily. almost
without reaction. until just before the close The
other Southern stocks were quiet and call for
ment The Nckel-plate stocks were weak, after the
6rst hour, upon the announcement Of sn assessment
under the plan Of settlement with Lake Shore. There
Nas some tendency to sell among the foreign element
but it quickly disappeared and the shorts to
cover, which aided In producing the buoyant tone
before mentioned. The opening was weak at
declines from last evenings final figures. ranging
from Il to e per cent. generally, while Louisville u
Nashviic WAS down ls and Richmond & West Point
1i0 After momcntary weakness in which St Paul
conspicuous the entire market began to RISE and
before the end of the first hour advances ranging up
TO 2@ per cent. recorded After that
time the market quieted down considerably
and, though still remaining strong the advances
measured by fractions. In the afternoon prices
saegsd somewhat. but toward q p. M. the advance
resumed and the market closed active and strong
at the highest prices of the day. Sales 434 $40
shares; Richmond 81 West Point furnished 149 4O1;
Reading. 29,7T5 St Paul, 28. 800 and Consolidated
Gas 20 GIL The net result of the days business is
that almost everything the active list shows an
advance, and Richmond b West Point is up Al the
preferred la: Consolidated Gas 21e Delaware g. Hud-
son and Pacific MAIL each Ia; Union Pacific, FER
cent. The sales for the week l. 500 9S4 shares
against /, $40. Ia For last week.
Railroad bonds active and firm throughout the
day, closing generally higher. The Nickel-plate
issues the feature of the market being extreme
~ active and decidedly strong. The trust receipts
contrbute &606 600 out of total days business of
80. 1OS 600. and III per cent. higher. at &C.
After sales at 81. The frsts gained All at 81 and
theseconds Ga. at SS14 Indiana. Bloomington g.
Western seconds gained g. to "a; Wabash, st. Louis
division, 2l4 to 11Ol4: the seconds I'll to
1884, The total sales of bonds for the week were
Sill 6i7 600 against So U66, 600 the previous week
t1ocsv,r ITO